Bitcoin Coasts Long-Term Moving Average as Investor Holdings Increase

Bitcoin is coasting on its road to recovery from Tuesday’s rocky sell-off that saw prices dip more than 18%.

The crypto is currently changing hands at around $46,840 after reaching a 24-hour top of $47,396, CoinDesk data shows. Bitcoin is up over 9% from the weekly low of $42,900 and over 61% in year-to-date terms.

“This week we saw one of crypto’s classic leverage shakeouts,” said Asher Tan, CEO of Australian cryptocurrency exchange CoinJar. “A quick 20%-30% haircut across the board as over-leveraged longs were flushed out of their positions.”

Prices have since bounced from bitcoin’s 200-day moving average (yellow…


Top cryptocurrency prices today: Bitcoin, Cardano down, Solana soars 22%

After yesterday’s sharp sell-off, the cryptocurrency cart cooled down on Thursday as a majority of digital tokens were trading stable with minor declines. Most of the cryptocurrencies made a strong recovery after deep scars.

Barring Ether and Solana, seven out of the top-10 cryptocurrencies were trading lower at 9.30 hours IST. Ethereum was marginally higher, whereas Solana rallied as much as 22 per cent.

The global crypto market cap inched higher up to a per cent to $2.09 trillion mark compared to the last day. However, the total crypto market volume tanked over 25 per cent to $179.57 billion.

Bitcoin…


Major losses in Bitcoin, Ethereum, and altcoins erase nearly $400 billion in market value

Bitcoin and Ethereum — along with several altcoins — plummeted Tuesday, erasing nearly $400 billion in market value and all of last week’s gains.

The total value of the world’s cryptocurrencies fell to about $1.9 trillion Tuesday morning, marking a loss of $410 billion over the last 24 hours, according to CoinMarketCap.

On the same day El Salvador adopted Bitcoin as legal tender, the cryptocurrency led the price retreat, falling 11% to a low of about $43,000, the biggest drop since mid-June. …


Solana rises by 30%, trades at $184.37

Bitcoin’s price is currently $51,014.64 and its dominance is currently 42.11 percent, an increase of 0.64 percent over the day.

Cryptocurrency prices continue to be in the green on September 7. The global cryptocurrency market cap is $2.28 trillion, a 2.49 percent increase over the last day, while the total crypto market volume over the last 24 hours is $163.99 billion, which makes a 28.57 percent increase.

The volume of all stable coins is now $127.86 billion — 77.97 percent of the total crypto market 24-hour volume. Bitcoin’s price is currently $51,014.64 and its dominance is currently 42.11 percent, an increase of 0.64 percent over the day.

https://www.youtube.com/watch?v=lW3eWIj3Q04&t=1s

Don’t forget to give us your 👏 !


Bitcoin retreats after crossing $50,000, retains strong momentum

Cryptocurrency prices weakened marginally on Friday after a strong rally a day ago. Check out the latest cryptocurrency prices and trends.

Cryptocurrency prices weakened marginally over the past 24 hours, but the momentum remains strong at the moment and investors are expected to end the week with decent trading gains.

Bitcoin, the world’s most popular cryptocurrency, was trading marginally higher than its value 24 hours ago, but its valuation has dipped below $50,000. It was trading at $49,601.28 at 11:45 am and its market capitalisation stood at $932.73 billion. The trading volume in the last 24 hours was 1.16 billion.


Bitcoin crosses $50,000 after rising over 6% amid strong rally

The cryptocurrency market witnessed a strong rally over the past 24 hours and the value of popular virtual coins have gained rapidly. Check out the latest cryptocurrency prices and trends.

Cryptocurrency prices have surged rapidly over the past 24 hours with the world’s most popular cryptocurrency, Bitcoin, leading the pack. The strong rally came after several sessions of consolidation amid high volatility.

Bitcoin crossed at $50,000 at 12:40 pm, up nearly 6 per cent compared to its value 24 hours ago. …


Cryptocurrency cart was trading mostly higher on Wednesday as investors continued buying after a round of consolidation. Six of the top 10 cryptocurrencies were trading higher at 9.30 hours IST.

After a non-stop bull run, investors booked profits in Solana. On the other hand, Polkadot gained as much as 13 per cent, whereas Ethereum surged 6 per cent.

The global crypto market cap was hovering near the $2.10 trillion mark, gaining over a per cent compared to the last day. On the other hand, the total crypto market volume soared over 19 per cent to $127.36 billion.

“After a minor…


Bitcoin price dips to around $47,800 while Ethereum on the rise

Bitcoin was trading 0.78% lower Tuesday morning.

The price was around $47,789 per coin, while rivals Ethereum and Dogecoin were trading around $3,350 (+4.74%) and 27.5 cents (-2.30%) per coin, respectively, according to Coindesk.

Hackers reportedly are using the non-custodial, privacy-focused Wasabi wallet to protect around $97 million in cryptocurrency which was stolen from the Liquid exchange, sleuthing firm Crystal Blockchain reported.

Bitcoin from Liquid belonging to the hackers has been shuffled around over the past two weeks, public blockchain data shows. For example, on Aug. 29, 100 BTC (worth more than $4.8 …


Bitcoin falls as weakness continues

Cryptocurrency prices continue to fall as high volatility prevailed in the virtual coin market over the past 24 hours.

Crypto prices started falling after Monday’s trading session due to heavy profit-booking, and have remained weak since then. Experts believe volatility in crypto trade is also a result of monthly options expiry.

Bitcoin (BTC), the world’s most popular cryptocurrency, is trading slightly below $47,000, down 2.95 per cent at 12:07 pm. The virtual coin’s market capitalisation has fallen sharply to $882 billion.

It may be noted that Bitcoin had touched a high of $50,000 on Monday and its market capitalisation has…


Bitcoin, Ether dip after heavy selloff

Cryptocurrencies have lost momentum as prices of popular virtual coins dipped sharply on Wednesday. The entire cryptocurrency market capitalization has dropped by 4 per cent in the past 24 hours.

Bitcoin, which had crossed $50,000 for the first time since May on Monday, retreated yesterday due to profit-booking by investors, according to a Reuters news report quoting Edward Moya, senior market analyst at OANDA in New York.

It may be noted that Bitcoin has gained 82 per cent since hitting a yearly low of $27,700 in January. As of 11:20 am, Bitcoin was trading at $48,372.89, down 2.39 per cent…

John Carter

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store